Solyndra, Solar-Panel Maker in California, Seeks Bankruptcy

Solyndra LLC, a solar-panel maker whose $535 million federal loan guarantee was criticized by Republicans, filed bankruptcy, at least the third solar company to seek court protection from creditors since August.

The company owed lenders $783.8 million, including $527.8 million to the U.S. government, and held assets valued at $859 million as of Jan. 1, according to court papers filed in U.S. Bankruptcy Court in Wilmington, Delaware.